Canadian and U.S. markets hit new highs this year, recovering their losses from the December drop of 2018. A pause in rate hikes has led to a decline in bond yields, and the Federal Reserve’s dovish tone towards the economy has allowed the Canadian dollar to appreciate. Oil prices have recovered, and gold saw its price climb upwards amid market uncertainty. Read more in Investment Perspectives.
|CHANGE THIS YEAR|
|US Gov 10-Year||2.00%||2.69%||-69bps|
|CAD$ / US$||0.764||0.733||4.2%|
Returns are based on price change only, and exclude dividends. Foreign indices are in USD.
Source: National Bank Financial, QUANT Monitor as of June 28, 2019